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October 09, 2008
lesson
Economist has an interesting article about the validity of scientific publications. My pet peeve with scientific publications these days is that in the rush to publish, the scientific analysis gets sacrificed. Scientists seek shortcuts in their rush to get acknowledgment for first discovery. These shortcuts include presenting data rather than information. It's not a bad environment for some people who are looking to data mine. Well, as long as their data is statistically significant. However, it's not a good trend.
On the economy, wow about the drop today .
Another thought on the economy, I think we have a trap in front of us of providing too nice of a net for obviously, poor financial decision makers. Can Americans really cut back or will they spend any additional money that arises from these governmental refinancing terms? Are we just delaying an economic collapse?
Also, on the AIG story about excessive retreat spending, AIG has an interesting business model in that they have a distributorship. Their business model is a popular one, used by McDonald's and Ford. The center of their problem had nothing to do with distributorship (their core business) or even their spending at the retreat. Their problem is just like a common homeowner. The value of their debt is greater than their ability to hold cash. AIG is the investment company for teachers and state employees. Do we really feel it is in the country's best interest to sink them now?
In a recent conversation with a colleague, he mentioned that USAA (US militarist's investment bank) would survive in the current financial environment or else. It is always about the customers.
Posted by azileretsis at October 9, 2008 06:40 PM
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